Mantle Ridge LP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Mantle Ridge LP reported 2 stock positions worth $2.5 billion. Its top holding was Dollar Tree (DLTR) at 59.5% of the portfolio, followed by Air Products & Chemicals (APD, 40.5%). Its holdings were unchanged from Q3 2025.

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001695459
Portfolio Value
$2.5B (Q4 2025)
SEC Filing
0001695459-26-000002 ↗ filed Feb 17, 2026

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $1.6B Q1 2024 Q2 2024: $1.3B Q2 2024 Q3 2024: $851.2M Q3 2024 Q4 2024: $2.1B Q4 2024 Q1 2025: $2.1B Q1 2025 Q2 2025: $2.4B Q2 2025 Q3 2025: $2.3B Q3 2025 Q4 2025: $2.5B $2.5B Q4 2025 Q1 2026: $1.3B Q1 2026 Q2 2026: $0 Q2 2026

Holdings 2 stocks · $2.5B
DLTR Dollar Tree Inc. 59.47% 12,104,393 $1.5B No change
APD Air Products & Chemicals Inc. 40.53% 4,107,517 $1.0B No change

Portfolio Sells Q3 2025 → Q4 2025
None this quarter.

Portfolio Buys Q3 2025 → Q4 2025
None this quarter.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 0$0
Q1 2026 1$1.3BDLTR
Q4 2025 2$2.5BDLTR, APD
Q3 2025 2$2.3BDLTR, APD
Q2 2025 2$2.4BDLTR, APD
Q1 2025 2$2.1BAPD, DLTR
Q4 2024 2$2.1BAPD, DLTR
Q3 2024 1$851.2MDLTR
Q2 2024 1$1.3BDLTR
Q1 2024 1$1.6BDLTR